Bitmain, the largest Chinese manufacturer of networking and mining equipment, will not place their securities on Hong Kong stock exchange (HKEX). The fact is that the representatives of the company hadn’t updated the application for IPO after half a year.
In a statement, the representatives of the Chinese giant acknowledged that even though the industry has great prospects it is still too young. In the future, Bitmain plans to return to this issue and to continue listing of their securities. This will allow the Bitmain to become more transparent and open.
Recall that Bitmain has recently suffered quite big staffing changes – the position of the head of the company was assumed by a man who was the head of several departments for years – Wang Haichao.
Our focus for 2019, and first-hand information on some recent rumors and news about us: https://t.co/deOnJsHF4i
— BITMAIN [Not giving away ETH] (@BITMAINtech) March 26, 2019
But it should be noted that the company creators Mikri Zhang and Cihan Wu remained on the board of directors and continue to be responsible for the strategic development of Bitmain.
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